Growth of J&K Bank
Despite recent unfortunate incidents including the raids on the residence of former Chairman of J&K Bank, the bank is still raring to go and scale further on the path of progress. All the bank officers are dedicated according to their recent appeal to the general public and they have assured the customers that they will with stand these trying times in the history of the bank and would be a lesion for them to grow further with dedication and honesty. Recently the new Chairman of the bank has assured the customers that J&K Bank will withstand all such unfortunate phases and will show by dedication that the market belongs to them.
The Bank has besides seen phenomenal success of multi-product business campaigns which have spurred sharp growth in housing, consumer and car loans. Bank remains aggressive in further promoting these products in the hugely untapped market of J&K to maximize the profitable growth numbers through these sectors.
The new Chairman said that the ongoing investigations undertaken by the Anti-Corruption Bureau (ACB) to look into the complaints of alleged irregularities in recruitments is an entirely separate track having absolutely no impact on the routine business functioning of the bank. The Chairman said that the endeavor is to continue enriching the experience of customers through continuously evolving products and services including through digital platforms. This is translating into continuous growth in number of new on boarded customers as well as the growing size of existing relationships.
The government and the board of the bank have time and again reiterated that the change of guard has been done to strengthen bank’s governance framework besides enhancing transparency and accountability in the functioning of the state’s premier institution. Besides the recent decisions of the Board regarding splitting of the post of Chairman and Managing Director, adoption of RTI and CVC guidelines are aimed at improving governance function in the Bank so that it emerges as a better and stronger institution. The state administration has reaffirmed complete support to the bank besides underlining its commitment to take the bank to higher levels of efficiency.
